We know it doesn’t just take passion and grit to run a business but it takes money too.This month we dived into financing sources to help YOU, an entrepreneur succeed. From accelerators for veterans, women, and black-owned businesses to debt financing options like credit cards.
Here is another option for you if you have receivables on your books. RECEIVABLE FINANCING might be a good option for you, if you are a service business or oftentimes have accounts receivable, you can finance your receivables and get cash flow. These types of funding products are often faster than a traditional loan but are best for companies with consistent sales volume. The cost of this type of financing is often higher than traditional financing.
There are many different components